Autobar Group Ltd.’s new 820 million-euro ($1.1 billion) term loan B rose above 100 cents on the euro in initial trading, according to Markit Group Ltd.
The seven-year loan to the London-based vending-machine company was quoted at 99.8 to 100.5 cents on the euro, compared with its issue price of 99.5 cents, Markit prices show.
The term loan B for the company, which is owned by CVC Capital Partners Ltd., was part of a refinancing to extend the maturities of the debt, according to data compiled by Bloomberg.
BNP Paribas SA and HSBC Holdings Plc coordinated the refinancing with ING Groep NV and Nomura Holdings Inc. also arranging the deal.
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